Caleres Inc (NYSE:CAL) was the target of some unusual options trading activity on Thursday. Stock traders bought 4,472 call options on the stock. This is an increase of 957% compared to the average daily volume of 423 call options.

CAL has been the subject of several recent research reports. Macquarie set a $38.00 target price on shares of Caleres and gave the company a “buy” rating in a research note on Friday, March 22nd. ValuEngine downgraded shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Needham & Company LLC upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, April 22nd. Finally, Wedbush restated an “outperform” rating on shares of Caleres in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Caleres currently has an average rating of “Buy” and an average target price of $37.80.

Hedge funds have recently added to or reduced their stakes in the business. Blueshift Asset Management LLC purchased a new stake in Caleres in the 4th quarter worth approximately $586,000. Bank of New York Mellon Corp increased its stake in shares of Caleres by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 628,486 shares of the textile maker’s stock worth $17,491,000 after purchasing an additional 15,225 shares during the last quarter. Royce & Associates LP increased its stake in shares of Caleres by 94.0% during the 4th quarter. Royce & Associates LP now owns 725,923 shares of the textile maker’s stock worth $20,202,000 after purchasing an additional 351,780 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Caleres by 70.0% during the 4th quarter. Hodges Capital Management Inc. now owns 229,231 shares of the textile maker’s stock worth $6,379,000 after purchasing an additional 94,396 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Caleres by 67.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 49,760 shares of the textile maker’s stock worth $1,385,000 after purchasing an additional 20,036 shares during the last quarter. Institutional investors own 93.38% of the company’s stock.

CAL stock opened at $21.49 on Friday. Caleres has a 12-month low of $22.27 and a 12-month high of $41.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.34. The company has a market capitalization of $917.04 million, a price-to-earnings ratio of 9.72 and a beta of 0.74.

Caleres (NYSE:CAL) last released its earnings results on Thursday, March 21st. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Caleres had a positive return on equity of 13.26% and a negative net margin of 0.19%. The company had revenue of $720.26 million during the quarter, compared to analysts’ expectations of $738.12 million. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Caleres will post 2.52 earnings per share for the current fiscal year.

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Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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